Thomson Multimedia to buy Grass Valley for $172 million
French consumer electronics maker Thomson Multimedia S.A. on Friday agreed to
buy Grass Valley Group, a privately held U.S. digital media company, for $172
million in cash to expand its portfolio.
Thomson said the deal, which it expects to complete in the first half of
2002, will add to earnings in the first full year of operation.
Grass Valley, based in Nevada City, California, makes hardware and software
for creating, storing and distributing video content, and had revenues of $200
million last year, Thomson said.